A Company That Uses the Allowance Method,writes-Off a Receivable of $3,000.Prior

question 149

Multiple Choice

A company that uses the allowance method,writes-off a receivable of $3,000.Prior to the journal entry,the credit balance in the Allowance for Uncollectible Accounts was $23,432 and Accounts Receivable were $2,009,000.After the entry to write-off the receivable is made,the net realizable value of Accounts Receivable will be:

• A)$1,982,568.
• B)$1,985,568.
• C)$2,006,000.
• D)$2,009,000.

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Definitions:

Reflexes

Involuntary and automatic responses to stimuli, such as the blink reflex in response to a sudden bright light.

Biological Survival

The basic processes and functions necessary for an organism to live, including obtaining food, reproducing, and avoiding predators.

Grasping Reflex

An involuntary movement response in which an infant's fingers close around an object placed in their hand.